Posted Online: Sept. 23, 2010, 6:33 pm
Fair Acres sewer project to be discussed at Monday hearing
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By Seth Kabala, firstname.lastname@example.org
SILVIS -- There will be a public hearing at 5:30 p.m. Monday at city hall about various aspects of the upcoming Fair Acres subdivision sewer main extension project.
Among items to be discussed is the breakdown of costs among the city and the owners of the 64 losts to be affected by a special assessment. The breakdown reported by The Dispatch/Argus after a city council meeting early this week was incorrect.
A community development assistance grant is covering about $350,000 of the project costs, but the city and residents will have to cover an estimated $442,000, or roughly $7,000 per household
The council tentatively decided that each household will pay between $4,000 and $5,000 of that cost. The city will cover the remainder of each household's costs, estimated to be between $2,000 and $3,000, with funds from the infrastructure tax.
The $4,000 to $5,000 per-household special assessment figure is only an estimate. The Board of Local Improvement will hire a commissioner, who will determine the final assessment, city administrator Jim Grafton said.
Bills for whatever the special assessment turns out to be will be sent annually, the exact timing dependent "on when the whole thing transpires," Alderman BarbFox said. "(Residents) can pay the city monthly, quarterly. The city will work with them as far as paying off their assessment fees for the year."
The assessment fee, plus interest, would be spread over a 10-year period. The interest rate was unavailable Wednesday.